Bogota Financial Q1 net income dips as deposit balances declined

Bogota Financial

06/05/2026 22:08

Overview

U.S. bank holding company's Q1 net income dipped yr/yr, EPS unchanged at $0.06

Net interest income rose 23% on higher net interest margin

Company repurchased 14,313 shares in Q1 under ongoing buyback program

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

NET INTEREST INCOME - Higher net interest margin and lower interest expense drove a 23% increase in net interest income

NON-INTEREST INCOME DROP - Non-interest income fell sharply, mainly due to the prior-year death benefit not recurring

DEPOSIT OUTFLOWS - Deposit balances declined, leading to increased borrowings to fund operations

Company press release: ID:nGNX3wNVd4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.06
Q1 Basic EPS
$0.06


Analyst Coverage

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)